1. Principal Curtailment reduces the principal balance on the loan

2. The principal balance of the Amortizing bond is reduced with each payment such that it becomes zero at maturity, but the principal balance of the bullet bond

3. Outstanding actual principal balance at the end of the current period.

4. A principal Curtailment is the application of funds that are used to reduce the unpaid principal balance of the mortgage loan

5. A principal Curtailment is the process of applying funds to reduce the existing unpaid principal balance of a first mortgage loan

6. The principal balance of a loan increases when payments are postponed during periods of deferment or forbearance and unpaid interest is Capitalized.

7. An assumable mortgage allows a buyer to Assume the rate, repayment period, current principal balance and other terms of the seller’s existing mortgage rather than obtain a …

8. Deferred interest is the amount by which the interest a borrower is required to pay on a mortgage loan is less than the amount of interest accrued on the outstanding principal balance.

9. Non-Amortizing loans allow for more payment flexibility, and borrowers can typically choose whether or not to reduce the principal balance on a non-Amortizing loan by paying above the unpaid interest amount each month

10. The debt profile of such a loan would typically look as follows, Amortising over time and decreasing at an increasing rate as the principal balance decreases: The interest and principal payments sum to the same amount for each payment.